Systems were simply not in place to handle a crisis of this magnitude in the euro area – Interview with Peter Spiegel

Euro Crisis in the Press continues to ask influential analysts and commentators throughout Europe about their views on the multifaceted crisis facing Europe. In today’s interview Peter Spiegel, the Financial Times’ Brussels bureau chief, talks to us about the key dimensions of the crisis. He suggests that many aspects of the crisis have flown from an institutional failure, and rejects the view that media coverage exacerbated the crisis, pointing out that there has been much excellent journalism.